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Jun 30, 2021
SiTime Q2 2021 Earnings Report
SiTime's revenue increased significantly, achieving substantial growth in gross margins and profitability.
Key Takeaways
SiTime Corporation reported strong financial results for the second quarter of 2021, with net revenue reaching $44.5 million, a 107.2% increase year-over-year. The company achieved a GAAP net income of $2.0 million, or $0.10 per diluted share, and a non-GAAP net income of $9.6 million, or $0.46 per diluted share.
Net revenue reached $44.5 million, a 107.2% increase from Q2 2020.
GAAP gross margins were 60.3% of revenue.
GAAP income from operations was $2.1 million, or 4.7% of revenue.
Non-GAAP net income was $9.6 million, or $0.46 per diluted share.